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Industrial Gas Turbine Market by Product (Heavy Duty and Aeroderivative), Capacity (<70 MW, 70-300 MW, and >300 MW), Technology (Open Cycle and Combined Cycle), and Application (Power Generation, Oil & Gas, and Others) - Global Opportunity Analysis and Industry Forecast, 2021-2028
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Request Now !An industrial gas turbine is a combustion engine, which is used to generate mechanical energy from various fuels such as natural gas or liquid fuels. This generated mechanical energy is utilized to drive an integrated generator that produces electrical energy.
Growth in demand for energy from various industries fuels the market. In addition, the flexibility to use different fuels to drive the turbines is projected to boost the growth of the market. However, the stringent environmental regulations associated with gas turbines is expected to hinder the growth of the market during the forecast period.
The global industrial gas turbine market is segmented based on product, capacity, technology, application, and geography. Based on product, the market is divided into heavy duty and aeroderivative. Based on capacity, it is classified into less than 70 MW, 70300 MW, and above 300 MW. Based on technology, the market is bifurcated into open cycle and combined cycle. Based on application, the market is categorized into power generation, oil & gas, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the market include Ansaldo Energia, Bharat Heavy Electricals Limited, General Electric, Harbin Electric International Company Limited, Kawasaki Heavy Industries Ltd., Man Diesel & Turbo, Mitsubishi Hitachi Power Systems Ltd., Opra Turbines B.V., Siemens, and Vericor Power Systems.
Key Benefits
- The report provides an in-depth analysis of industrial gas turbine industry to identify the potential investment pockets.
- The key drivers, restraints, and opportunities are provided in the report.
- Porters Five Forces model helps analyze the potential buyers & suppliers and the competitive sketch of the market, which is expected to guide the market players to develop strategies accordingly.
Industrial Gas Turbine Market Key Segments:
By Product
- Heavy Duty
- Aeroderivative
By Capacity
- <70 MW
- 70-300 MW
- >300 MW
By Technology
- Open Cycle
- Combined Cycle
By Application
- Power Generation
- Oil & Gas
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Ansaldo Energia
- Bharat Heavy Electricals Limited
- General Electric
- Harbin Electric International Company Limited
- Kawasaki Heavy Industries Ltd.
- Man Diesel & Turbo
- Mitsubishi Hitachi Power Systems Ltd.
- Opra Turbines B.V.
- Siemens
- Vericor Power Systems
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. MARKET SHARE ANALYSIS, 2016
3.4. PORTER’S FIVE FORCES ANALYSIS
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
CHAPTER 4 GLOBAL INDUSTRIAL GAS TURBINE MARKET, BY PRODUCT
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. HEAVY DUTY
4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast
4.3. AERODERIVATIVE
4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast
CHAPTER 5 GLOBAL INDUSTRIAL GAS TURBINE MARKET, BY CAPACITY
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. <70 MW
5.2.1. Key market trends
5.2.2. Growth factors and opportunities
5.2.3. Market size and forecast
5.3. 70-300 MW
5.3.1. Key market trends
5.3.2. Growth factors and opportunities
5.3.3. Market size and forecast
5.4. >300 MW
5.4.1. Key market trends
5.4.2. Growth factors and opportunities
5.4.3. Market size and forecast
CHAPTER 6 GLOBAL INDUSTRIAL GAS TURBINE MARKET, BY TECHNOLOGY
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. OPEN CYCLE
6.2.1. Key market trends
6.2.2. Growth factors and opportunities
6.2.3. Market size and forecast
6.3. COMBINED CYCLE
6.3.1. Key market trends
6.3.2. Growth factors and opportunities
6.3.3. Market size and forecast
CHAPTER 7 GLOBAL INDUSTRIAL GAS TURBINE MARKET, BY APPLICATION
7.1. OVERVIEW
7.1.1. Market size and forecast
7.2. POWER GENERATION
7.2.1. Market size and forecast
7.3. OIL & GAS
7.3.1. Market size and forecast
7.4. OTHERS
7.4.1. Market size and forecast
CHAPTER 8 GLOBAL INDUSTRIAL GAS TURBINE MARKET, BY GEOGRAPHY
8.1. OVERVIEW
8.2. NORTH AMERICA
8.2.1. Key market trends
8.2.2. Key growth factors and opportunities
8.2.3. Market size and forecast
8.2.3.1. U.S. market size and forecast
8.2.3.2. Canada market size and forecast
8.2.3.3. Mexico market size and forecast
8.2.4. North America Industrial Gas Turbine Market by Country
8.2.5. North America Industrial Gas Turbine Market by Product
8.2.6. North America Industrial Gas Turbine Market by Capacity
8.2.7. North America Industrial Gas Turbine Market by Technology
8.2.8. North America Industrial Gas Turbine Market by Application
8.3. EUROPE
8.3.1. Key market trends
8.3.2. Key growth factors and opportunities
8.3.3. Market size and forecast
8.3.3.1. UK market size and forecast
8.3.3.2. Germany market size and forecast
8.3.3.3. France market size and forecast
8.3.3.4. Russia market size and forecast
8.3.3.5. Rest of Europe market size and forecast
8.3.4. Europe Industrial Gas Turbine Market by Country
8.3.5. Europe Industrial Gas Turbine Market by Product
8.3.6. Europe Industrial Gas Turbine Market by Capacity
8.3.7. Europe Industrial Gas Turbine Market by Technology
8.3.8. Europe Industrial Gas Turbine Market by Application
8.4. ASIA-PACIFIC
8.4.1. Key market trends
8.4.2. Key growth factors and opportunities
8.4.3. Market size and forecast
8.4.3.1. China market size and forecast
8.4.3.2. India market size and forecast
8.4.3.3. Japan market size and forecast
8.4.3.4. Australia market size and forecast
8.4.3.5. Rest of Asia-Pacific market size and forecast
8.4.4. Asia-Pacific Industrial Gas Turbine Market by Country
8.4.5. Asia-Pacific Industrial Gas Turbine Market by Product
8.5.6. Asia-Pacific Industrial Gas Turbine Market by Capacity
8.4.7. Asia-Pacific Industrial Gas Turbine Market by Technology
8.4.8. Asia-Pacific Industrial Gas Turbine Market by Application
8.5. LAMEA
8.5.1. Key market trends
8.5.2. Key growth factors and opportunities
8.5.3. Market size and forecast
8.5.3.1. Latin America market size and forecast
8.5.3.2. Middle East market size and forecast
8.5.3.3. Africa market size and forecast
8.5.4. LAMEA Industrial Gas Turbine Market by Country
8.5.5. LAMEA Industrial Gas Turbine Market by Product
8.5.6. LAMEA Industrial Gas Turbine Market by Capacity
8.5.7. LAMEA Industrial Gas Turbine Market by Technology
8.5.8. LAMEA Industrial Gas Turbine Market by Application
CHAPTER 9 COMPANY PROFILES
9.1. ANSALDO ENERGIA
9.1.1. Operating business segments
9.1.2. Business performance
9.1.3. Key strategic moves and developments
9.3. BHARAT HEAVY ELECTRICALS LIMITED
9.3.1. Operating business segments
9.3.2. Business performance
9.3.3. Key strategic moves and developments
9.3. GENERAL ELECTRIC
9.3.1. Operating business segments
9.3.2. Business performance
9.3.3. Key strategic moves and developments
9.4. HARBIN ELECTRIC INTERNATIONAL COMPANY LIMITED
9.4.1. Operating business segments
9.4.2. Business performance
9.4.3. Key strategic moves and developments
9.5. KAWASAKI HEAVY INDUSTRIES LTD.
9.5.1. Operating business segments
9.5.2. Business performance
9.5.3. Key strategic moves and developments
9.6. MAN DIESEL & TURBO
9.6.1. Business performance
9.6.2. Business performance
9.6.3. Key strategic moves and developments
9.7. MITSUBISHI HITACHI POWER SYSTEMS LTD.
9.7.1. Operating business segments
9.7.2. Business performance
9.7.3. Key strategic moves and developments
9.8. OPRA TURBINES B.V.
9.8.1. Operating business segments
9.8.2. Business performance
9.8.3. Key strategic moves and developments
9.9. SIEMENS
9.9.1. Operating business segments
9.9.2. Business performance
9.9.3. Key strategic moves and developments
9.10. VERICOR POWER SYSTEMS
9.10.1. Operating business segments
9.10.2. Business performance
9.10.3. Key strategic moves and developments
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